On Apell 24 of the current year. The Memphis Pecan Company experienced a tornado that...
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Accounting
On Apell 24 of the current year. The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory. At the beginning of April, the company reported beginning inventory of $228.050. Inventory purchased during April (until the date of the tornadoj was $199.100. Sales for the month of April through April 24 were $643,800. Assuming the company's typical gross profit ratio is 50% estimate the amount of inventory destroyed in the tornado
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